Which of the following characterizes the IACs?
A. high per capita GDP growth and high population growth
B. low per capita GDP growth and low population growth
C. low per capital GDP growth and high savings rate
D. low human capital investment
Answer: B
Economics
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The slope of a straight line is
A) always equal to zero. B) calculated as y/x at any point. C) constant. D) always greater than zero.
Economics
When every good or service is produced up to the point where the last unit provides a marginal benefit to society equal to the marginal cost of producing it, ________ occurs
A) efficient central planning B) equity C) productive efficiency D) allocative efficiency
Economics